Carlos wants to purchase a new computer and go to the Caribbean for spring break. The computer is priced at $1,299, and the vacation is priced at $750. He has only $1,537 in his checking account, so he cannot afford to purchase both. After much thought, Carlos buys the computer and writes a check for $1,299. Identify what role mo

The complete question is:

Carlos wants to purchase a new computer and go to the Caribbean for spring break. The computer is priced at $1,299, and the vacation is priced at $750. He has only $1,537 in his checking account, so he cannot afford to purchase both. After much thought, Brian buys the computer and writes a check for $1,299.

Identify what role money plays in each of the following parts of the story.

Carlos can easily determine that the price of the computer is more than the price of the vacation.

Carlos has $1,537 in his checking account.

Carlos writes a check for $1,299.

Carlos can easily determine that the price of the computer is more than the price of the vacation.= Unit of Account

Carlos has $1,537 in his checking account.= Store of value

Carlos writes a check for $1,299.= Medium of Exchange

Explanation:

In this scenario the different functions of money are exhibited. The 3 functions of money are as unit of account, store of value and medium of exchange.

When Carlos determines that the price of the computer is larger than that of price of a vacation money functions as a unit of account. The amount for a computer is $1,299 which is larger than the cost of a vacation ($750)

The money in his account is a store of value from which he can make pitches in the present or in the future.

When he writes the check for the computer, he is exchanging money for the computer. Money acts as a medium of exchange